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Hello John,
I am unclear with the additions(20% growth) in NCA. The addition amount of 79, 95, 114 how were they calculated? Thank you in advance 🙂The investment in new non-current assets in the current year (‘additions’) was 66 (on the SOFP given in the question).
It is this that will grow by 20% a year. So next year will be 66 x 1.2 = 79, the year after will be 79 x 1.2 = 95, and so on.
(The question is poorly worded with regards to this bit).
I appreciate your help.
Yeah the question is poorly framed with regards to NCA .
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